Property tax

From Conservapedia

Property tax is a taxlevied on land and buildings (real estate) and on personal property. In the U.S. it is typically the main source of revenue for local government. High property taxes have the effect of depressing property values and ironically lowering tax revenues. There are two effects of this tax since the tax is levied both on the land value and the building value. The effect of the tax on land has the effect of lowering land cost, since it discourages land speculation, thus benefiting buyers and thereby making housing more affordable. The effect of the tax on the buildings has the effect of increasing costs and discouraging construction and job creation.

Source: The Tax Foundation, based on Commerce Department and Census statistics.

Note: Sales and income taxes can be reduced by effective planning and clever behavior. (Either lawfully or not advised, unlawfully.) But property taxes are different. As The Sopranos mobster said: "Them you gotta pay."[4]